Rafale fighter jets to join IAF in two years, says Parrikar

Prime minister Modi had announced a deal to buy 36 fighter jets in Paris on Friday

GN Bureau | April 11, 2015


#Rafale fighter   #France   #Narendra Modi   #Francois Hollande   #Manohar Parrikar   #nuclear power  


Rafale fighter jets will be inducted in IAF in a span of two years. Defence minister Manohar Parrikar said on Saturday that French Rafale jet deal, announced by prime minister Narendra Modi on Friday in Paris is a great decision taken on the terms and conditions that are better.  India has finally broken the ice over the Rafale deal which has been pending for 17 years, said Parrikar

India will buy 36 fighter planes that are ready to fly, citing critical operational requirement of the IAF. The announcement was made by Modi at a joint news conference with French president Francois Hollande after their summit talks at Elysee palace. The deal is under the government to government agreement.

India and France were locked in negotiations for three years over the purchase of 126 Rafale fighter jets valued at $12 billion but has been bogged down over cost and Dassault Aviation's reluctance to stand guarantee for 108 planes to be made by Hindustan Aeronautics Limited in India.

Nuclear deal
An agreement on the stalled 10,000 MW nuclear project in Jaitapur in Maharashtra was among the 17 pacts signed after the talks between Modi and Hollande. The deal was signed between India's Larsen and Toubro and France's AREVA and it is aimed at cost reduction by increasing localisation.

Another pact related to Pre-engineering agreementsbetween NPCIL and AREVA in connection with studies that is intended to bring clarity on all technical aspects of the plant so that all parties (AREVA, ALSTOM and NPCIL) can firm up their price and optimise all provisions for risks still included at this stage in the costs of the project.

It will also enable transfer of technology and development of indigenous nuclear energy industry in India.

Other decisions include a scheme for expedited 48 hours visa issuance by France for Indian tourists.

France also announced an investment of about $1 billion in India as Modi invited French companies to pump in money in technology in the fastest growing economy.

Comments

 

Other News

Government divests 12% stakes in RITES; IPO opens on June 20

The railway infrastructure consulting PSU, RITES Limited is coming up with its IPO on June 20, 2018, as the government of India is selling its 24 million equity shares (12%) stake in the Mini Ratna PSU. As an initial public offering 25,200,000 equity shares are offered in which employee reservation portion

“This initiative is for future generations”

Speaking to Governance Now, Gujarat chief minister Vijay Rupani elaborates on the Sujalam Sufalam scheme to rejuvenate talavdis and desilt reservoirs and lakes. He also speaks on water, politics, and cons

Water by the pondful

It’s 10 am and in Dhandhuka town of Ahmedabad district, the sun is already scorching. A dry lake, which was desilted and deepened a few weeks back, has been turned into a venue for a fete. Shamianas have been erected, women in bright sarees and men and children in their best clothes flock the venue,

Thugs of Hindustan

This story may sound apocryphal but it was recounted by LK Advani in one of his casual conversations. Talking about Morarji Desai, he said that despite his idiosyncrasies, he was a man of impeccable integrity. To buttress his point Advani recalled this incident: After the Janata Party formed the government

IRCTC listing still lingering despite clearance in 2017

Ministry of railways’ decision of holding the listing of Indian Railway Catering and Tourism Corporation (IRCTC) has exposed its seriousness in listing its public enterprises in stock exchanges. Although the decision was taken one year back, the national transporter does not have a com

Delhi crisis shows failure of governance, says ex Delhi chief secy

The tussle between the Aam Aadmi Party (AAP) and lieutenant governor of Delhi Anil Baijal has entered into its fourth day on Thursday. With no immediate solution to the ongoing ego-tussle, citizens are the mute sufferers.  Umesh Sehgal, former chief secretary of Delhi, feels that instead of

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter